Cost of Living Comparison Between New York, NY and Toronto 
| Indices Difference |  |
|---|---|
| Cost of Living in Toronto is 30.9% lower than in New York, NY (excluding rent) | |
| Cost of Living Including Rent in Toronto is 44.5% lower than in New York, NY | |
| Rent Prices in Toronto are 60.8% lower than in New York, NY | |
| Restaurant Prices in Toronto are 29.4% lower than in New York, NY | |
| Groceries Prices in Toronto are 26.7% lower than in New York, NY | |
| Local Purchasing Power in Toronto is 25.7% higher than in New York, NY | |
Restaurants | New York, NY Edit |
Toronto Edit | Difference |
|---|---|---|---|
| Meal at an Inexpensive Restaurant |
25.00 $ (34.05 C$) |
18.35 $ (25.00 C$) |
-26.6 % |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) |
140.00 $ (190.69 C$) |
88.10 $ (120.00 C$) |
-37.1 % |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) |
14.00 $ (19.07 C$) |
11.75 $ (16.00 C$) |
-16.1 % |
| Domestic Draft Beer (1 Pint) |
8.00 $ (10.90 C$) |
6.61 $ (9.00 C$) |
-17.4 % |
| Imported Beer (12 oz Small Bottle) |
10.00 $ (13.62 C$) |
7.34 $ (10.00 C$) |
-26.6 % |
| Cappuccino (Regular Size) |
5.75 $ (7.83 C$) |
4.07 $ (5.54 C$) |
-29.3 % |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) |
2.85 $ (3.88 C$) |
2.19 $ (2.99 C$) |
-23.1 % |
| Bottled Water (12 oz) |
2.50 $ (3.41 C$) |
1.80 $ (2.46 C$) |
-27.9 % |
Markets | New York, NY Edit |
Toronto Edit | |
| Milk (Regular, 1 Liter) |
1.30 $ (1.77 C$) |
2.88 $ (3.93 C$) |
+122.1 % |
| Fresh White Bread (1 lb Loaf) |
4.26 $ (5.80 C$) |
2.53 $ (3.44 C$) |
-40.6 % |
| White Rice (1 lb) |
3.46 $ (4.72 C$) |
1.57 $ (2.14 C$) |
-54.6 % |
| Eggs (12, Large Size) |
6.88 $ (9.37 C$) |
3.61 $ (4.92 C$) |
-47.5 % |
| Local Cheese (1 lb) |
7.75 $ (10.56 C$) |
5.79 $ (7.89 C$) |
-25.3 % |
| Chicken Fillets (1 lb) |
6.72 $ (9.15 C$) |
5.95 $ (8.10 C$) |
-11.4 % |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) |
9.04 $ (12.31 C$) |
7.61 $ (10.36 C$) |
-15.8 % |
| Apples (1 lb) |
2.95 $ (4.01 C$) |
1.78 $ (2.42 C$) |
-39.7 % |
| Bananas (1 lb) |
1.10 $ (1.50 C$) |
0.60 $ (0.82 C$) |
-45.7 % |
| Oranges (1 lb) |
2.55 $ (3.48 C$) |
1.71 $ (2.33 C$) |
-33.0 % |
| Tomatoes (1 lb) |
2.72 $ (3.71 C$) |
1.85 $ (2.52 C$) |
-32.1 % |
| Potatoes (1 lb) |
1.43 $ (1.95 C$) |
1.11 $ (1.51 C$) |
-22.7 % |
| Onions (1 lb) |
1.57 $ (2.14 C$) |
0.87 $ (1.18 C$) |
-44.6 % |
| Lettuce (1 Head) |
2.93 $ (3.98 C$) |
2.54 $ (3.46 C$) |
-13.1 % |
| Bottled Water (50 oz) |
2.49 $ (3.39 C$) |
1.85 $ (2.52 C$) |
-25.6 % |
| Bottle of Wine (Mid-Range) |
18.00 $ (24.52 C$) |
13.22 $ (18.00 C$) |
-26.6 % |
| Domestic Beer (16.9 oz Bottle) |
3.56 $ (4.85 C$) |
2.50 $ (3.41 C$) |
-29.6 % |
| Imported Beer (12 oz Small Bottle) |
4.28 $ (5.83 C$) |
3.15 $ (4.29 C$) |
-26.4 % |
| Cigarettes (Pack of 20, Marlboro) |
19.00 $ (25.88 C$) |
14.68 $ (20.00 C$) |
-22.7 % |
Transportation | New York, NY Edit |
Toronto Edit | |
| One-Way Ticket (Local Transport) |
3.00 $ (4.09 C$) |
2.46 $ (3.35 C$) |
-18.0 % |
| Monthly Public Transport Pass (Regular Price) |
134.00 $ (182.52 C$) |
114.53 $ (156.00 C$) |
-14.5 % |
| Taxi Start (Standard Tariff) |
3.00 $ (4.09 C$) |
3.12 $ (4.25 C$) |
+4.0 % |
| Taxi 1 mile (Standard Tariff) |
3.50 $ (4.77 C$) |
2.07 $ (2.82 C$) |
-40.9 % |
| Taxi 1 Hour Waiting (Standard Tariff) |
42.00 $ (57.21 C$) |
22.78 $ (31.03 C$) |
-45.8 % |
| Gasoline (1 Liter) |
0.88 $ (1.20 C$) |
0.99 $ (1.35 C$) |
+12.3 % |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) |
35,458.00 $ (48,295.75 C$) |
27,442.36 $ (37,378.00 C$) |
-22.6 % |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) |
25,768.64 $ (35,098.31 C$) |
21,055.34 $ (28,678.53 C$) |
-18.3 % |
Utilities (Monthly) | New York, NY Edit |
Toronto Edit | |
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) |
194.25 $ (264.58 C$) |
151.39 $ (206.20 C$) |
-22.1 % |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) |
65.68 $ (89.46 C$) |
38.07 $ (51.85 C$) |
-42.0 % |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) |
66.83 $ (91.03 C$) |
54.33 $ (74.00 C$) |
-18.7 % |
Sports And Leisure | New York, NY Edit |
Toronto Edit | |
| Monthly Fitness Club Membership |
110.38 $ (150.34 C$) |
58.16 $ (79.22 C$) |
-47.3 % |
| Tennis Court Rental (1 Hour, Weekend) |
68.00 $ (92.62 C$) |
21.68 $ (29.53 C$) |
-68.1 % |
| Cinema Ticket (International Release) |
22.00 $ (29.97 C$) |
13.21 $ (17.99 C$) |
-39.9 % |
Childcare | New York, NY Edit |
Toronto Edit | |
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child |
3,388.54 $ (4,615.38 C$) |
1,055.90 $ (1,438.19 C$) |
-68.8 % |
| International Primary School, Annual Tuition per Child |
58,729.88 $ (79,993.33 C$) |
20,507.29 $ (27,932.06 C$) |
-65.1 % |
Clothing And Shoes | New York, NY Edit |
Toronto Edit | |
| Jeans (Levi's 501 or Similar) |
68.86 $ (93.80 C$) |
58.70 $ (79.95 C$) |
-14.8 % |
| Summer Dress in a Chain Store (e.g. Zara or H&M) |
55.31 $ (75.33 C$) |
45.29 $ (61.69 C$) |
-18.1 % |
| Nike Running Shoes (Mid-Range) |
116.87 $ (159.19 C$) |
91.29 $ (124.35 C$) |
-21.9 % |
| Men's Leather Business Shoes |
158.67 $ (216.11 C$) |
119.56 $ (162.84 C$) |
-24.6 % |
Rent Per Month | New York, NY Edit |
Toronto Edit | |
| 1 Bedroom Apartment in City Centre |
4,440.11 $ (6,047.68 C$) |
1,705.65 $ (2,323.18 C$) |
-61.6 % |
| 1 Bedroom Apartment Outside of City Centre |
2,739.42 $ (3,731.24 C$) |
1,487.36 $ (2,025.86 C$) |
-45.7 % |
| 3 Bedroom Apartment in City Centre |
8,853.95 $ (12,059.56 C$) |
2,717.81 $ (3,701.80 C$) |
-69.3 % |
| 3 Bedroom Apartment Outside of City Centre |
4,918.42 $ (6,699.16 C$) |
2,298.73 $ (3,131.00 C$) |
-53.3 % |
Buy Apartment Price | New York, NY Edit |
Toronto Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,915.09 $ (2,608.46 C$) |
836.64 $ (1,139.55 C$) |
-56.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
802.60 $ (1,093.19 C$) |
653.01 $ (889.44 C$) |
-18.6 % |
Salaries And Financing | New York, NY Edit |
Toronto Edit | |
| Average Monthly Net Salary (After Tax) |
5,237.24 $ (7,133.40 C$) |
3,652.95 $ (4,975.52 C$) |
-30.3 % |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.67 | 4.42 | -33.8 % |
| Last update: | 13 February 2026 | 15 February 2026 | |
| Contributors in the past 12 months: | 273 | 371 | |
Moving to New York, NY? Explore:
Moving to Toronto? Explore:
Cities near New York, NY: | Cost of Living in Jersey City, New Jersey | 4.58 miles |
| Cost of Living in East Rutherford, New Jersey | 10.01 miles |
| Cost of Living in Rutherford, New Jersey | 10.22 miles |
| Cost of Living in Newark, New Jersey | 11.63 miles |
| Cost of Living in Paterson, New Jersey | 17.95 miles |
| Cost of Living in Bergen County, New Jersey | 20.13 miles |
| Cost of Living in Hempstead, New York | 22.26 miles |
| Cost of Living in West Caldwell, New Jersey | 23.56 miles |
| Cost of Living in Woodbridge, New Jersey | 25.26 miles |
| Cost of Living in Glen Cove, New York | 30.15 miles |
Cities near Toronto: | Cost of Living in Vaughan | 16.10 miles |
| Cost of Living in Richmond Hill | 22.87 miles |
| Cost of Living in Oakville | 25.57 miles |
| Cost of Living in Brampton | 27.62 miles |
| Cost of Living in Whitby, ON | 33.84 miles |
| Cost of Living in Burlington | 34.94 miles |
| Cost of Living in Oshawa | 35.88 miles |
| Cost of Living in Hamilton | 44.17 miles |
| Cost of Living in Georgina | 57.04 miles |
| Cost of Living in Guelph | 58.38 miles |